As far as i know, the RROD is gone, but if you do get one, you have an extended warrenty, so atleast you know if something does go wrong (Doubtful) they'll fix it or send you a new one.
I have the Elite myself and i love it, the 120 Gigabite hard drive is great for storing all your music, video and pictures, you can also stream things though it and record live TV.
Apparently there will be a 100 dollar price drop later on the year, a few people have posted this and i am not 100 percent sure if it is true.
It is a good purchase and you will have a great time with it.
Current Consoles: Xbox 360 Elite, Playstation 2, Gaming Rig, Nintendo Wii, Playstation 3.
Xbox Live: Jessman_Aus - Playing: Ace Combat 6, Fifa 09
Playstation Network: Jessman_Aus - Playing: MGS4, Resistance 2
Wii Freind Code: 3513-9191-8534-3866 - Playing: SSBB
Brawl Code: 1590-6125-1250
Xfire: J3ssman - Playing: Fallout 3, Farcry 2
Jessman: Fears the Mangina
